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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Brian L who wrote (17729)4/8/1999 1:21:00 PM
From: PCKL  Read Replies (1) of 37507
 
To Grant M,
What you are failing to see is that the buyers of internet stocks are the same people who are bidding for the items that bid.com is selling. It's the baby boomers who have discovered how much easier it is to shop for whatever you want and any time you want (even at 2AM when the malls are closed) and whether you are dressed or not (like shop naked!) without all the hassles of going to the mall. No traffic jams or long lines to check out. Once you buy one item on the net, I guarantee you that 99% will continue buying from the net. The prcies are great. This is why p/e's are irrelevant with net stocks. A much better gauge is revenue growth rates!
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